Watchlist (Dec 28, 2009)

There are so many interesting potential trades out there, the list just goes on and on.

With the coming new year, I see the first 3 months of trading as risky and it is best to be prepared for any unforeseen profit taking activities by big funds.

So I narrowed my focus to as few items in my watch list as possible:

X is still moving, the target looks like the top of the wedge. On any pullbacks back to the black line, it is still a buy


The bonds yields are still on their way up, on any pullbacks it is still a buy. When stocks begin to sell off, yields should come back down....there is still plenty of time before the FED tightens rates


XOM is setting up for a huge move in either direction, the path with least resistance should win...